Wednesday, May 23, 2012

Ohio AG Continues Attack On Loan Mod Scams w/ Civil Suit; Alleges Outfit Clipped Homeowners For Upfront Fees, Stiffed Them On Providing Meaningful Aid

From the Office of the Ohio Attorney General:

  • Attorney General Mike DeWine [] announced a lawsuit against K&R Marketing, LLC, doing business as Fix My Mortgage Problem. The lawsuit charges the business and its owner with multiple violations of Ohio’s consumer laws, including failure to deliver.

  • This company was misleading consumers,” Attorney General DeWine said. “Consumers said they paid fees for loan modification help, but never received assistance. Homeowners who are trying to prevent foreclosure on their homes should avoid businesses that charge up-front fees for their services.” [...] All of the complaints the Ohio Attorney General’s Office has received are from out-of-state consumers.
  • Christopher Bray, the owner of K&R Marketing, told consumers that he would work with their mortgage companies to modify their loans for up-front fees between $500 and $1,000. After accepting the down payment, Bray did little to aid consumers and did not provide refunds.

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